Buy or rent office space? Here's how to decide

Sooner or later, every business has to consider whether it is better off owning or leasing office space. From law firms to retailers to yoga studios, the decision varies. But here are some elements that most small businesses take into account.

The cash outlay factor: Generally, you don't need to put out as much money upfront when you lease as you do when you buy. A quick example: A real-estate agent is looking to sell a $500,000 commercial property. Someone leasing the space might pay around $4,000 monthly in rent.

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The Credit Process: A Guide For Small Business Owners

Some say owning a home is the American dream. Millions of small business owners will argue, however, that owning one's own business is really the American dream.

But while it offers rewards, owning a business is not easy. Entrepreneurship has its problems, and a critical—and sometimes fatal—one for small businesses can be the lack of access to the financial resources to keep the dream going.

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An Open Book

By LAURA LORBER

The installation technicians at Pool Covers Inc. could literally see the writing on the wall. At the company's monthly meeting in September, employees reviewed financials together, projecting the numbers on the wall.

One figure stood out to pool-cover installer Christopher Darling: Sales of pool covers for new construction plunged 49% in September from August, two months ahead of the typical seasonal dropoff and much steeper. What's more, employees learned that the company's bank turned down the loan request that the company needed to get through its slow season. Managers asked employees for alternatives to layoffs.

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